Tron (TRX) entered the market in 2018 with an aim to decentralize the web. The Tron network is designed to restructure the media industry by removing intermediaries from the process of consuming media, allowing artists and content creators to sell their content directly to viewers on a secure peer-to-peer platform.
Its blockchain-based operating system has emerged as a challenger to media giants such as Amazon, Netflix, Facebook, and YouTube. With Tron, you can engage in commercial transactions without having to pay a percentage of your income to corporate go-betweens.
Tron is one of the largest blockchain platforms in the world and has leveraged blockchain technology like no other cryptocurrency has.
Here’s how you can invest in this disruptive innovation.
What is Tron?
Tron is a decentralized digital platform created by the Tron Foundation, a Singapore-based non-profit. Like Cardano, Tron uses a proof-of-stake (PoS) protocol as a consensus mechanism to validate transactions, which means that validators can append the blockchain in proportion to the crypto coins they own.
The native cryptocurrency of Tron is called Tronix (TRX). You can use TRX to transact with content creators without paying a dime to Tron. All TRX transactions carried out on Tron are free of charge. TRX was originally an Ethereum-based ERC-20 token but changed to its own platform in 2018. Like Ethereum, Tron has smart contract functionality, several decentralized finance (DeFi) apps, and other tokens.